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Tutor Perini Corp (NYSE:TPC)
Change In Receivables
$0 Mil (As of Jun. 2014)

Tutor Perini Corp's change in receivables for the quarter that ended in Jun. 2014 was $0 Mil. It means Tutor Perini Corp's accounts receivables stayed the same from Mar. 2014 to Jun. 2014 .

Tutor Perini Corp's change in receivables for the fiscal year that ended in Dec. 2012 was $51 Mil. It means Tutor Perini Corp's accounts receivables increased by $51 Mil from Dec. 2011 to Dec. 2012 .

Tutor Perini Corp's accounts receivables for the quarter that ended in Jun. 2014 was $1,454 Mil.

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed. Tutor Perini Corp's days sales outstanding for the three months ended in Jun. 2014 was 122.01.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Tutor Perini Corp's liquidation value for the three months ended in Jun. 2014 was $-1,123 Mil.


Definition

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.


Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Tutor Perini Corp's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1454.045/1084.51*91
=122.01

2. In Ben Graham’s calculation of liquidation value, Tutor Perini Corp's accounts receivable are only considered to be worth 75% of book value:

Tutor Perini Corp's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=139.858-2353.056+0.75 * 1454.045+0.5 * 0
=-1,123

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tutor Perini Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ChangeInReceivables -4637-211-224-125363-22751-63

Tutor Perini Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ChangeInReceivables 00051000-6300
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